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First-Time Homebuyers Incentive Changes: What You Need to Know

D Fritz Appraisals

Your mortgage must also be eligible for mortgage insurance through Canada Guaranty, CMHC or Sagen (previously known as Genworth.) . The mortgage insurance premium is based on the loan-to-value ratio of the first mortgage only. You receive a 10% incentive of the home’s price of $200,000, or $20,000. Need some pointers?

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How to Avoid Capital Gains Tax on a Home Sale

Will Springer Realtor

By Jeffrey Steele Most homeowners aim for a substantial increase in home value – and many are achieving it when they sell their primary address. Understanding the Capital Gains Problem Many homeowners who purchased their homes long ago have seen huge gains in the value of their residences.